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What's involved in transferring unit trusts and/or OEICs held outside an ISA to Interactive Investor?
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If you hold funds with another provider you can transfer them in free of charge to Interactive Investor. (Please be aware that you may incur transfer out charges from your existing provider).

You need to have opened an account with us and can then download the transfer forms from your account and send them through to us. This can be done by choosing Manage My Account and then Transfer to Us.

We will then contact your existing provider and keep you constantly updated throughout the transfer process.

You have a choice of whether to transfer you funds as either cash (where you sell the funds and simply transfer the cash to us) or as Units. If your funds are transferred as units which means that they stay invested in the same fund, only the administration of the fund changes.

Transferring the funds using the unit transfer method will not incur any capital gains tax.

If you transfer the proceeds as cash, when you reinvest the proceeds you will incur the normal initial charge for the fund you reinvest in and capital gains tax may apply to any gain which you realise when cashing in your investments with your existing fund provider.

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